Insurance

The insurance regulator has also fined Max Life Insurance Rs.3 crore for violating norms like transferring of share at unfair market value and giving undue monetary gain to its corporate agent.

They lead in ‘third party’ motor insurance but have lost ground in 'own damage' motor insurance space.

IRDAI proposes launch of e-insurance policy along with e-proposal form through which insurance intermediaries can sell insurance policies completely online.

India is ahead of China (at 2.4%) and UK (at 3%).

Thomas has over 35 years of experience in the insurance industry.

IRDAI has relaxed compliance burden on NPS subscribers.

Agents can earn sitting fees for such an appointment.

So far, only legally wedded couples were allowed to avail health cover under group insurance.

Tata AIA Life become the largest company in terms of MDRT qualified life insurance advisors in India.

ICICI Lombard launches 14 new products across health, motor and corporate segments.

The insurance regulatory will soon overhaul commission structure of insurance agents and intermediaries to bring uniformity in payment of commission across life, general and health policies.

The calculator takes all aspects of current lifestyle like health habits, exercise frequency, smoking and so on to evaluate the right coverage for policyholders.

If no claim is made, customer can avail another 5% discount on annual premium.

Encouraging the open architecture framework, IRDAI has proposed that corporate agents like banks can have tie up with 9 insurance companies whereas insurance marketing firms (IMFs) can increase their tie ups to 6 insurers.

IRDAI has clarified that it will take decision only after consulting with all stakeholders.